Family Capital Management Inc. Acquires 494 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Family Capital Management Inc. raised its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.8% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 59,205 shares of the e-commerce giant’s stock after acquiring an additional 494 shares during the period. Amazon.com comprises about 7.1% of Family Capital Management Inc.’s investment portfolio, making the stock its 6th biggest position. Family Capital Management Inc.’s holdings in Amazon.com were worth $11,032,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of AMZN. Semus Wealth Partners LLC grew its stake in Amazon.com by 0.3% during the 3rd quarter. Semus Wealth Partners LLC now owns 17,920 shares of the e-commerce giant’s stock valued at $3,339,000 after acquiring an additional 49 shares in the last quarter. Meridian Investment Counsel Inc. boosted its holdings in shares of Amazon.com by 1.8% during the second quarter. Meridian Investment Counsel Inc. now owns 3,076 shares of the e-commerce giant’s stock worth $594,000 after purchasing an additional 55 shares during the period. O Connor Financial Group LLC grew its position in Amazon.com by 2.2% during the third quarter. O Connor Financial Group LLC now owns 2,536 shares of the e-commerce giant’s stock valued at $473,000 after purchasing an additional 55 shares in the last quarter. Cherrydale Wealth Management LLC increased its stake in Amazon.com by 0.7% in the 3rd quarter. Cherrydale Wealth Management LLC now owns 7,492 shares of the e-commerce giant’s stock valued at $1,396,000 after buying an additional 55 shares during the period. Finally, Cedar Point Capital Partners LLC lifted its position in Amazon.com by 4.4% in the 3rd quarter. Cedar Point Capital Partners LLC now owns 1,324 shares of the e-commerce giant’s stock worth $247,000 after buying an additional 56 shares in the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on AMZN shares. Redburn Atlantic upped their price target on shares of Amazon.com from $225.00 to $235.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Royal Bank of Canada raised their price target on Amazon.com from $215.00 to $225.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Pivotal Research began coverage on Amazon.com in a report on Friday, October 11th. They issued a “buy” rating and a $260.00 price objective on the stock. Mizuho lifted their target price on shares of Amazon.com from $240.00 to $260.00 and gave the company an “outperform” rating in a research note on Tuesday, December 10th. Finally, Stifel Nicolaus increased their price target on shares of Amazon.com from $224.00 to $245.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $243.44.

Amazon.com Stock Performance

NASDAQ AMZN opened at $224.19 on Friday. Amazon.com, Inc. has a twelve month low of $144.05 and a twelve month high of $233.00. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. The stock has a market cap of $2.36 trillion, a P/E ratio of 48.01, a PEG ratio of 1.54 and a beta of 1.16. The company’s 50-day simple moving average is $213.07 and its 200 day simple moving average is $194.05.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.29. The company had revenue of $158.88 billion for the quarter, compared to analyst estimates of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The company’s revenue was up 11.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.85 EPS. As a group, research analysts forecast that Amazon.com, Inc. will post 5.29 earnings per share for the current fiscal year.

Insider Buying and Selling at Amazon.com

In other news, Director Daniel P. Huttenlocher sold 1,237 shares of Amazon.com stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total value of $246,237.22. Following the completion of the transaction, the director now owns 24,912 shares in the company, valued at approximately $4,958,982.72. The trade was a 4.73 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $208.85, for a total value of $625,790,203.70. Following the sale, the insider now owns 917,416,976 shares in the company, valued at approximately $191,602,535,437.60. This trade represents a 0.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 6,032,344 shares of company stock worth $1,253,456,822 over the last three months. Company insiders own 10.80% of the company’s stock.

About Amazon.com

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.